The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations 2026
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Change 1
17 Notifying HMRC of forthcoming obligation to provide ongoing data
A relevant person must— (a) notify HMRC that the person will be required under regulation 3(2) or (4) or 4(2) to provide ongoing data, and (b) do so— (i) in such form and manner as HMRC may specify by published notice; (ii) if the person is a relevant financial institution, no later than one month before the end of— (aa) the first tax year in relation to which the person will be required to provide annual ongoing data, or (bb) the first quarterly data period in relation to which the person will be required to provide quarterly ongoing data, whichever is the earlier; (iii) if the person is a relevant merchant acquirer, before the start of the first month in relation to which the person will be required to provide monthly ongoing data.
17 Notifying HMRC of forthcoming obligation to provide ongoing data
A relevant person must— (a) notify HMRC that the person will be required under regulation 3(2) or (4) or 4(2) to provide ongoing data, and (b) do so— (i) in such form and manner as HMRC may specify by published notice; (ii) if the person is a relevant financial institution, no later than one month before the end of— (aa) the first tax year in relation to which the person will be required to provide annual ongoing data, or (bb) the first quarterly data period in relation to which the person will be required to provide quarterly ongoing data, whichever is the earlier; (iii) if the person is a relevant merchant acquirer, before the start of the first month in relation to which the person will be required to provide monthly ongoing data.
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